Greek Loan Payout Hinges on Review of Reforms, EU Says
This article is for subscribers only.
The institutions overseeing the Greek bailout program will need to scrutinize the probable impact of the government’s latest reform proposals before the country can receive another loan payout, a senior EU official said.
The European Commission, the European Central Bank and the International Monetary Fund -- together formerly known as the troika -- must assess the overall balance of the measures proposed by the government in Athens and this will not happen before euro-area finance ministers meet in Brussels on March 9.